Optimization of the purchasing process is impossible without a detailed understanding of your Consumption Model. TSV enables complex firms to analyze their Consumption Model automatically with the most powerful Spending Analysis tool.
Globalization, delocalization of production and mergers and acquisitions all create complexity and traditional IT systems do not offer effective support to Purchasing. The problems faced are many and varied: direct materials which do not have a unified master data coding system, a sizable proportion of indirect materials that are un-coded, a non-homogeneous system of classification with few categories and little detail, or a very detailed system, but full of items attributed to the wrong category.
In such conditions it is not easy to answer the standard questions regarding one’s Consumption Model: what, how many, from whom, at what price and at what conditions is the company making its purchases. TSV uses all the available information, which the ERP and data warehouse, contains but do not use. TSV uses order descriptions, names of suppliers, master data, units of measurement and anything else available to generate and maintain a ‘by nature’ Spending Analysis of the Consumption Model.
TSV gives you powerful tools to browse the Consumption Model and easily identify aggregations of goods purchased, their similarities, purchase price, type of supplier, common brands and more besides. Purchasing can finally identify savings linked to the aggregation of volumes, reduce the supplier base and launch initiatives that can be easily monitored and measured in terms of results.